Keyence (OTCMKTS:KYCCF) Stock Price Down 5.3% – Here’s What Happened

Shares of Keyence Corporation (OTCMKTS:KYCCF) were down 5.3% during mid-day trading on Monday . The company traded as low as $422.01 and last traded at $425.00. Approximately 74 shares changed hands during trading, a decline of 98% from the average daily volume of 4,589 shares. The stock had previously closed at $448.7750.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Zacks Research upgraded Keyence to a “hold” rating in a report on Tuesday, May 19th. The Goldman Sachs Group upgraded Keyence from a “hold” rating to a “buy” rating in a research note on Thursday, May 28th. Finally, Erste Group Bank raised Keyence to a “strong-buy” rating in a research report on Tuesday, May 12th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy”.

Keyence Stock Performance

The stock’s 50 day simple moving average is $482.88 and its 200-day simple moving average is $423.97.

About Keyence

Keyence Corporation, established in 1974 by Takemitsu Takizaki and headquartered in Osaka, Japan, is a leading developer and manufacturer of automation and inspection equipment. The company focuses on delivering advanced technologies that improve manufacturing efficiency and quality control for a broad range of industries, including automotive, electronics, pharmaceuticals, food and beverage, and packaging.

Keyence’s product portfolio encompasses a variety of sensors, vision systems, laser markers, digital microscopes and measuring instruments.